The Debt Management Office (DMO) has opened subscription for the Federal Government of Nigeria (FGN) Savings Bonds for October, according to a circular posted on its official X (formerly Twitter) account on Monday.
Offer Details:
- Two-year bond maturing on October 15, 2027, with an interest rate of 14.06% per annum
- Three-year bond maturing on October 15, 2028, with an interest rate of 15.06% per annum
Subscription Timeline:
- Opens: October 6, 2025 (Monday)
- Closes: October 10, 2025
- Settlement Date: October 15, 2025
Investment Terms:
- Minimum subscription: ₦5,000
- Subscription unit: ₦1,000
- Maximum subscription: ₦50,000,000
Payments:
- Interest paid quarterly on January 15, April 15, July 15, and October 15 each year
- Principal repaid as a lump sum at maturity
Additional Benefits:
- The bonds are tax-exempt under the Company Income Tax Act (CITA) and Personal Income Tax Act (PITA).
- They qualify as trustee investments under the Trustee Investment Act.
- Listed on the Nigerian Exchange Limited (NGX).
- Considered liquid assets for banks’ liquidity ratio calculations.
Investors interested in subscribing are advised to reach out to stockbroking firms appointed as distribution agents for the savings bonds.
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